American Recovery and Reinvestment Act of 2009

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New Member

Take the time to read the "American Recovery and Reinvestment Act of 2009" to see what the fools in Congress and the White House are about to do with your money. After you go through all the line items you'll see all the various agencies that are going to be given lots of play money for junk that has nothing to do with building up the economy. It should make you made enough to give your "representatives" a shout but don't be surprised if they're not representing you any more.

When you get done with this think about what could be done if all this money stayed in the hands of you and other Americans who actually have good ideas about goods and services to make and sell to others. That, friends, is the economic stimulus we need - not the proposed $900 billion spending spree by the federal government.

You'd better protect your hard-earned money now because once it's wasted you're not getting it back but you will be paying the bill along with your children and grandchildren.

I bolded the ones I think should be removed. They can always be included in other legislation but I don't think they are stimulus in nature. I really wish the GOP would go after the waste knowing that a plan will pass with or without their support. They could do something good for the people by having the waste removed. Instead those guys came out with their own plan which was 100% tax cuts and accuse the other of being partisan. It is them who are not compromising. That plan is 1/3 tax cuts.

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Banned

A pox on both your houses. There should be not one penny for a bailout. Both Democrats and Republicans are the ruin of this nation. Remember 2008, when Bush, his Republican and Democratic buddies in Congress crammed down a 700 billion dollar bailout down our throats (no, 850 billion to get votes they added 150 billion in pork). On top of that, the money was either squandered, stolen, or both as the result of inept managers like Paulson and Bernake. The money is gone, and not one good came of it, except expanded national debt.

Now we have Act 2, of the same nonsense. What is so hard about understanding if you do the same thing, you are going to get the same result? It is just different names. This time it is Most Liberal Obama instead of Liberal Bush.

The end result, the bottom line, is that we have wasted 2 trillion dollars, with not a thing to show for it except added debt for our kids.

Republicans grandstanding to cut 10-20% out of this bill is the height of hypocrisy. If they were truly standing for conservative principles, they would be standing to defeat this bill and demand the last bill be revoked and the money returned to the treasury.

The Republicans deserve the fate of extinction. We need a group that knows what conservative means.

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I saw $470 million in tax breaks to Hollywood got cut out. In a way, that's a bummer. I would have LOVED to see the zero tell everyone there their salary would be maxed out a $500K a year, y'know, like he told the banks he strong-armed.

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New Member

I saw $470 million in tax breaks to Hollywood got cut out. In a way, that's a bummer. I would have LOVED to see the zero tell everyone there their salary would be maxed out a $500K a year, y'know, like he told the banks he strong-armed.

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I'm beginning to think that you aren't accidentally wrong, but that you are wrong deliberately. The banks came looking for a bail-out. President Obama didn't "strong arm"anyone. Try to tell the truth Curits. Lying isn't Christ like.

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Posted Oct 15, 2008 11:05am EDT by Aaron Task in Investing, Newsmakers, Recession, Banking Related: JPM, WFC, BAC, GS, MS, C, XLF
The day after the news about a watershed change in American capitalism, the story behind the story of how Hank Paulson forced the nations top 9 banks to take capital is coming to light.
After a discussion of the state of the banking system and U.S. economy, the bankers were then unceremoniously handed a one-page term sheet outlining Paulson's plan. The bank CEOs "weren't allowed to negotiate," The WSJ reports. "Paulson requested that each of them sign. It was for their own good and the good of the country, he said, according to a person in the room."
In sum, Hank Paulson made the bank CEOs an offer they couldn't refuse -- like a present-day (and real) Don Corleone....

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New Member

Posted Oct 15, 2008 11:05am EDT by Aaron Task in Investing, Newsmakers, Recession, Banking Related: JPM, WFC, BAC, GS, MS, C, XLF
The day after the news about a watershed change in American capitalism, the story behind the story of how Hank Paulson forced the nations top 9 banks to take capital is coming to light.
After a discussion of the state of the banking system and U.S. economy, the bankers were then unceremoniously handed a one-page term sheet outlining Paulson's plan. The bank CEOs "weren't allowed to negotiate," The WSJ reports. "Paulson requested that each of them sign. It was for their own good and the good of the country, he said, according to a person in the room."
In sum, Hank Paulson made the bank CEOs an offer they couldn't refuse -- like a present-day (and real) Don Corleone....

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<img src =/curtis.gif>

Bush nationalized the Banks, yes. Paulson made them take the money, yes. But Obama limited the salary. I don't know what is so hard to follow......I don't know how federally limiting a salary isn't strong-arming.

And yes, I would still love him to tell Harrison Ford how much money he can make.

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New Member

Bush nationalized the Banks, yes. Paulson made them take the money, yes. But Obama limited the salary. I don't know what is so hard to follow......I don't know how federally limiting a salary isn't strong-arming.

And yes, I would still love him to tell Harrison Ford how much money he can make.

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So they can receive TARP money then give the CEO $10 Million bonus? Obama is not the one who forced them to take the money but as a tax payer I don't want to see it go for a bonus when it's intended to ease things for the suffering people. That is partly how we got in this mess. Corporate greed.

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New Member

I'd rather see the government not spend any money at all on this spendulus idea but, if they are going to do in spite of us, then I wish they'd just focus on one or two critical things such as $200 billion to help build twenty 2,000 MW nuclear-powered electric generation stations

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New Member

I'd rather see the government not spend any money at all on this spendulus idea but, if they are going to do in spite of us, then I wish they'd just focus on one or two critical things such as $200 billion to help build twenty 2,000 MW nuclear-powered electric generation stations

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New Member

The more the merrier, and I DO have kids. The US NRC is the best in the world, and nuclear power is the cleanest, safest and most efficient source of energy in the universe, but because of crazy 60s throw back NIMBY protesters, we have less than a hundred plants in operation in America today.

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New Member

The more the merrier, and I DO have kids. The US NRC is the best in the world, and nuclear power is the cleanest, safest and most efficient source of energy in the universe, but because of crazy 60s throw back NIMBY protesters, we have less than a hundred plants in operation in America today.

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